Oslo-listed Hunter Group has agreed a deal to buy back three VLCCs sold to John Fredriksen's SFL Corp in September.

The company, backed by investor Arne Fredly, has arranged new financing with a banking syndicate to reacquire the 300,000-dwt Hunter Atla, Hunter Saga and Hunter Laga (all built 2019).

The trio is financed through a sale and leaseback deal with SFL, which paid $60m each while chartering the DSME-built vessels back over five years, with purchase options attached.